Behold the Foolish ECB

Central Banking gone wrong - pricing controlling Bitcoin? Should I laugh or cry?

Only EU bureaucrats could see a downside to a Bitcoin-positive scenario. Indeed, this ECB paper represents all that is wrong with the EU (and the ECB) in 2024.

Europe’s instinct to (over) regulate and even resort to price controls on Bitcoin is laughable at best. Don’t these highly paid “experts” understand the basics of decentralization and that of a 24/7/365 network underpinned by global mining assets with no “authority” to even approach?

Sure, the EU can make Bitcoin “illegal” for its citizens … but at what cost? For even they recognize holders of BTC will be winners and non-holders will be losers. So rather than educate European citizens about self-sovereignty & empowerment that can be achieved via Bitcoin, their natural inclination is to (foolishly) move to stamp out Bitcoin, thereby ensuring Europe loses (side note: the Euro has lost 85% of its purchasing power since introduction, so good job ECB!)

This paper, whilst not worth the paper it’s printed on, shows the inclination of the EU to destroy innovative products that would enable their citizens to live better lives. Are these people public servants or servants of an owner class?

My advice for Europeans? Get a second passport asap.

The link to the actual paper is here.